Turkey Domestic Credit Growth
Key information about Turkey Domestic Credit Growth
- Turkey Domestic Credit increased 55.9 % YoY in Dec 2023, compared with an increase of 56.4 % YoY in the previous month
- Turkey Domestic Credit Growth YoY data is updated monthly
- It averaged 36.5 %, available from Jan 1987 to Dec 2023
- The data reached an all-time high of 153.6 % in Oct 1996 and a record low of 1.0 % in Aug 2019
CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The Central Bank of the Republic of Turkey provides Domestic Credit in local currency.
Further information about Turkey Domestic Credit Growth
- In the latest reports, Turkey Domestic Credit reached 508.7 USD bn in Dec 2023
- Money Supply M2 in Turkey increased to 464.4 USD bn YoY in Dec 2023
- Turkey Foreign Exchange Reserves was measured at 85.2 USD bn in Dec 2023
- The Foreign Exchange Reserves equaled 2.9 Months of Import in Nov 2023
- The country's Non Performing Loans Ratio stood at 1.6 % in Dec 2023, compared with the ratio of 1.5 % in the previous month
- Household Debt of Turkey reached 11.7 % in Sep 2023, accounting for 11.7 % of the country's Nominal GDP
View Turkey's Domestic Credit Growth from Jan 1987 to Dec 2023 in the chart:
What was Turkey's Domestic Credit Growth in Dec 2023?
Turkey Domestic Credit increased 55.9 % YoY in Dec 2023, compared with an increase of 56.4 % YoY in the previous month See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
55.9 Dec 2023 | 56.4 Nov 2023 | 1.0 Aug 2019 | 153.6 Oct 1996 | % | monthly | Jan 1987 - Dec 2023 |
Domestic Credit Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 1.2 Nov 2023 | monthly | Dec 2003 - Nov 2023 |
Algeria (%) | 1.3 Nov 2023 | monthly | Dec 2002 - Nov 2023 |
Argentina (%) | 164.4 Aug 2023 | monthly | Jan 1991 - Aug 2023 |
Armenia (%) | 17.7 Dec 2023 | monthly | Dec 1994 - Dec 2023 |
Australia (%) | 1.0 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Austria (%) | -1.0 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Azerbaijan (%) | 14.5 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Bahrain (%) | 4.7 Dec 2023 | monthly | Sep 1992 - Dec 2023 |
Bangladesh (%) | 11.9 Dec 2023 | monthly | Jul 1988 - Dec 2023 |
Belarus (%) | 16.3 Jan 2024 | monthly | Dec 2007 - Jan 2024 |
Belgium (%) | 0.1 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Bolivia (%) | 5.0 Aug 2023 | monthly | Dec 2002 - Aug 2023 |
Bosnia and Herzegovina (%) | 10.5 Dec 2023 | monthly | Aug 1998 - Dec 2023 |
Botswana (%) | 8.6 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
Brazil (%) | 13.6 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Brunei (%) | 34.6 Nov 2023 | monthly | Jan 2000 - Nov 2023 |
Bulgaria (%) | 18.1 Jan 2024 | monthly | Dec 1994 - Jan 2024 |
Cambodia (%) | 4.1 Dec 2023 | monthly | Dec 1995 - Dec 2023 |
Canada (%) | 3.0 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Chile (%) | 2.9 Nov 2023 | monthly | Dec 1979 - Nov 2023 |
China (%) | 10.4 Jan 2024 | monthly | Jun 2000 - Jan 2024 |
Colombia (%) | 5.6 Nov 2023 | monthly | Jan 1994 - Nov 2023 |
Croatia (%) | 5.9 Dec 2022 | monthly | Jun 1995 - Dec 2022 |
Cyprus (%) | -6.1 Jan 2024 | monthly | Nov 2006 - Jan 2024 |
Czech Republic (%) | 10.1 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Denmark (%) | -5.3 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Ecuador (%) | 9.7 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
Egypt (%) | 32.6 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Estonia (%) | 10.1 Dec 2023 | monthly | Jun 1993 - Dec 2023 |
European Union (%) | -1.0 Dec 2023 | monthly | Sep 1998 - Dec 2023 |
Finland (%) | -4.9 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
France (%) | 1.2 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Georgia (%) | 16.2 Jan 2024 | monthly | Oct 1996 - Jan 2024 |
Germany (%) | -2.1 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Ghana (%) | -7.3 Nov 2023 | monthly | Jan 1968 - Nov 2023 |
Greece (%) | 1.5 Dec 2023 | monthly | Jan 2002 - Dec 2023 |
Hong Kong SAR, China (%) | -0.3 Nov 2023 | monthly | Dec 1991 - Nov 2023 |
Hungary (%) | -2.1 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Iceland (%) | 4.0 Jan 2024 | monthly | Sep 1994 - Jan 2024 |
India (%) | 12.4 Dec 2023 | monthly | Mar 2000 - Dec 2023 |
Indonesia (%) | 8.8 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
Iran (%) | 25.8 Feb 2017 | monthly | Jan 1965 - Feb 2017 |
Ireland (%) | -5.2 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Israel (%) | 3.9 Nov 2023 | monthly | Dec 2000 - Nov 2023 |
Italy (%) | -4.1 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Ivory Coast (%) | 12.5 Dec 2023 | monthly | Jan 1965 - Dec 2023 |
Japan (%) | 4.1 Dec 2023 | monthly | Apr 2004 - Dec 2023 |
Jordan (%) | 4.8 Nov 2023 | monthly | Jan 2003 - Nov 2023 |
Kazakhstan (%) | 21.6 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Kenya (%) | 13.5 Oct 2023 | monthly | Dec 1996 - Oct 2023 |
South Korea (%) | 5.1 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Kosovo (%) | 13.3 Jan 2024 | monthly | Nov 2008 - Jan 2024 |
Kuwait (%) | 1.2 Nov 2023 | monthly | Jan 1995 - Nov 2023 |
Kyrgyzstan (%) | 26.2 Jan 2024 | monthly | Dec 2003 - Jan 2024 |
Laos (%) | 24.1 Sep 2023 | quarterly | Dec 1992 - Sep 2023 |
Latvia (%) | 0.8 Dec 2023 | monthly | Jul 2004 - Dec 2023 |
Lebanon (%) | 2.2 Jan 2018 | monthly | Mar 1966 - Jan 2018 |
Lithuania (%) | -3.5 Dec 2023 | monthly | Dec 1994 - Dec 2023 |
Luxembourg (%) | -6.5 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Macau SAR, China (%) | 0.1 Jan 2024 | monthly | Jun 1985 - Jan 2024 |
North Macedonia (%) | 5.3 Jan 2024 | monthly | Jan 2004 - Jan 2024 |
Malawi (%) | 32.4 Jan 2024 | monthly | Jan 1976 - Jan 2024 |
Malaysia (%) | 6.3 Jan 2024 | monthly | Jan 1988 - Jan 2024 |
Malta (%) | 5.6 Jan 2024 | monthly | Jan 2009 - Jan 2024 |
Mauritius (%) | 10.3 Nov 2023 | monthly | Jun 2006 - Nov 2023 |
Mexico (%) | 12.1 Nov 2023 | monthly | Dec 2002 - Nov 2023 |
Moldova (%) | 7.3 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
Mongolia (%) | 16.9 Jan 2024 | monthly | Dec 1993 - Jan 2024 |
Montenegro (%) | 7.1 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Morocco (%) | 2.7 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Mozambique (%) | 7.3 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Myanmar (%) | 16.4 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
Nepal (%) | 8.5 Dec 2023 | monthly | Jan 2002 - Dec 2023 |
Netherlands (%) | -5.4 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
New Zealand (%) | 1.4 Jan 2024 | monthly | Mar 1989 - Jan 2024 |
Nigeria (%) | 65.9 Jan 2024 | monthly | Nov 1993 - Jan 2024 |
Norway (%) | 3.6 Jan 2024 | monthly | Dec 1986 - Jan 2024 |
Oman (%) | 5.2 Dec 2023 | monthly | Dec 2000 - Dec 2023 |
Pakistan (%) | 19.5 Dec 2023 | monthly | Jun 2009 - Dec 2023 |
Palestinian Territory (%) | 5.8 Jan 2024 | monthly | Dec 1999 - Jan 2024 |
Panama (%) | 3.4 Nov 2023 | monthly | Dec 2002 - Nov 2023 |
Paraguay (%) | 13.6 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Peru (%) | 8.4 Nov 2023 | monthly | Jan 1993 - Nov 2023 |
Philippines (%) | 9.6 Nov 2023 | monthly | Dec 2002 - Nov 2023 |
Poland (%) | 1.9 Jan 2024 | monthly | Dec 1997 - Jan 2024 |
Portugal (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
Qatar (%) | 4.7 Jan 2024 | monthly | Jan 2008 - Jan 2024 |
Romania (%) | 8.3 Dec 2023 | monthly | Dec 2005 - Dec 2023 |
Russia (%) | 25.4 Jan 2024 | monthly | Dec 2001 - Jan 2024 |
Saudi Arabia (%) | 21.6 Dec 2017 | quarterly | Mar 1969 - Dec 2017 |
Serbia (%) | -1.7 Jan 2024 | monthly | Dec 2004 - Jan 2024 |
Singapore (%) | -1.4 Jan 2024 | monthly | Mar 2005 - Jan 2024 |
Slovakia (%) | 3.2 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
Slovenia (%) | -1.1 Dec 2023 | monthly | Jan 2005 - Dec 2023 |
South Africa (%) | 6.5 Jan 2024 | monthly | Mar 1966 - Jan 2024 |
Spain (%) | -3.5 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Sri Lanka (%) | -97.5 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Sudan (%) | 82.5 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
Sweden (%) | -3.7 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Switzerland (%) | 1.6 Jan 2024 | monthly | Dec 1988 - Jan 2024 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.3 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -6,138.900 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Tax Revenue (USD mn) | 17,224.697 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Tax Revenue: % of GDP (%) | 18.0 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
Government Debt: % of GDP (%) | 30.5 Sep 2023 | quarterly | Dec 2001 - Sep 2023 |
Forecast: Government Expenditure (TRY bn) | 62,930.420 2028 | yearly | 2000 - 2028 |
Forecast: Government Net Debt (TRY bn) | 60,762.080 2028 | yearly | 2000 - 2028 |
Forecast: Government Revenue (TRY bn) | 56,428.620 2028 | yearly | 2000 - 2028 |
General Budget: Revenue (TRY mn) | 621,736.130 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: Expenditure (TRY mn) | 828,571.320 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: Cash Balance (TRY mn) | -206,835.190 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: ytd: Revenue (TRY th) | 608,284,871.421 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Expenditure (EX) (TRY th) | 792,615,929.422 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Revenue: Tax (TRY th) | 517,201,252.022 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 15,799,069.582 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 346,732,972.724 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Balance (TRY th) | -184,331,058.001 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Revenue: Tax: Direct (TRY th) | 136,802,612.677 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 7.230 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
Aluminum: Exports (USD th) | 5,241,090.145 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 1,223.646 Jan 2024 | monthly | Apr 1964 - Jan 2024 |
Total Imports from USA (USD mn) | 1,401.861 Jan 2024 | monthly | Apr 1964 - Jan 2024 |
Total Exports to China (USD mn) | 277.500 Jan 2024 | monthly | Jan 2013 - Jan 2024 |
Total Imports from China (USD mn) | 2,893.078 Jan 2024 | monthly | Sep 1992 - Jan 2024 |
Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.6 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Household Debt: % of GDP (%) | 11.7 Sep 2023 | quarterly | Dec 2014 - Sep 2023 |
Non-Performing Loans (USD mn) | 6,458.355 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Money Supply M1 (USD mn) | 160,312.087 Jan 2024 | monthly | Dec 1963 - Jan 2024 |
Money Supply M2 (USD mn) | 464,425.044 Dec 2023 | monthly | Dec 1976 - Dec 2023 |
M2 Growth (%) | 66.5 Dec 2023 | monthly | Dec 1977 - Dec 2023 |
Reserve Requirement Ratio (%) | 8.0 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Foreign Exchange Reserves (USD mn) | 78,002.0 Jan 2024 | monthly | Apr 2000 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 7.776 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 3.0 Jan 2024 | monthly | Apr 2000 - Jan 2024 |
Gold Reserves (USD mn) | 48,164.000 Dec 2023 | monthly | Dec 1956 - Dec 2023 |
Total Deposits (USD mn) | 489,172.349 Nov 2023 | monthly | Dec 2002 - Nov 2023 |
Total Deposits Growth (%) | 63.4 Jan 2024 | monthly | Dec 2003 - Jan 2024 |
Domestic Credit (USD mn) | 508,682.5 Dec 2023 | monthly | Jan 1986 - Dec 2023 |
Domestic Credit Growth (%) | 55.9 Dec 2023 | monthly | Jan 1987 - Dec 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 23.000 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
Credit to Households (USD bn) | 93.089 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 512.544 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
Household Debt (USD mn) | 88,562.3 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
Total Loans (USD mn) | 320,675.682 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
Total Loans Growth (%) | 52.93 Dec 2023 | monthly | Jan 1987 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 33.94 Dec 2023 | quarterly | Dec 1998 - Dec 2023 |
Money Supply: M3 (TRY th) | 14,179,075,897.000 Jan 2024 | monthly | Dec 2005 - Jan 2024 |
Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.599 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -0.4 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
Composite Leading Indicator Index: Trend Restored (NA) | 278.650 Dec 2023 | monthly | Dec 1987 - Dec 2023 |
Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 102.000 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 114.479 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 91.849 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 118.634 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
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